Caseware UK (AP4) 2023.0.135 2023.0.135 false12022-11-25No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14505922 2022-11-24 14505922 2022-11-25 2023-07-31 14505922 2021-11-25 2022-11-24 14505922 2023-07-31 14505922 c:Director1 2022-11-25 2023-07-31 14505922 d:CurrentFinancialInstruments 2023-07-31 14505922 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14505922 d:ShareCapital 2022-11-25 2023-07-31 14505922 d:ShareCapital 2023-07-31 14505922 d:RetainedEarningsAccumulatedLosses 2022-11-25 2023-07-31 14505922 d:RetainedEarningsAccumulatedLosses 2023-07-31 14505922 c:FRS102 2022-11-25 2023-07-31 14505922 c:AuditExempt-NoAccountantsReport 2022-11-25 2023-07-31 14505922 c:FullAccounts 2022-11-25 2023-07-31 14505922 c:PrivateLimitedCompanyLtd 2022-11-25 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 14505922










Horsielands Farm Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 July 2023

 
Horsielands Farm Ltd
Registered number: 14505922

Balance sheet
As at 31 July 2023

8 months to 31 July 2023
Note
£

  

Current assets
  

Stocks
  
806,170

Debtors: amounts falling due within one year
 4 
189

Cash at bank and in hand
  
93,607

  
899,966

Creditors: amounts falling due within one year
  
(901,000)

Net current (liabilities)/assets
  
 
 
(1,034)

Total assets less current liabilities
  
(1,034)

  

Net (liabilities)/assets
  
(1,034)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(1,036)

  
(1,034)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
N C Kenward
Director
Date: 15 February 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 1

 
Horsielands Farm Ltd
 

Statement of changes in equity
For the period ended 31 July 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period

-
(1,036)
(1,036)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(1,036)
(1,036)


Contributions by and distributions to owners

Shares issued during the period
2
-
2


Total transactions with owners
2
-
2


At 31 July 2023
2
(1,036)
(1,034)

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
Horsielands Farm Ltd
 

 
Notes to the financial statements
For the period ended 31 July 2023

1.


General information

The company is a private company, limited by share capital, and incorporated in England and Wales. The address of its registered office is: Eastwood Farm Rusper Road, Newdigate, Dorking, Surrey, RH5 5BX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been presented in £ Sterling and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

Not withstanding the net current liabilities of £775, the accounts have been prepared on a going concern basis as the director is of the opinion that the business has sufficient working capital to meet its foreseeable requirements over the next 12 months. If the going concern basis were not appropriate, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets as current assets. 

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

  
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all direct costs and attributable overheads associated with the development of the properties.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
Horsielands Farm Ltd
 

 
Notes to the financial statements
For the period ended 31 July 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2023
            No.






Director
1


4.


Debtors

2023
£


Other debtors
189

189



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
93,607

93,607



6.


Creditors: Amounts falling due within one year

2023
£

Other loans
900,000

Accruals and deferred income
1,000

901,000



Page 4